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February 10, 2009 – Investors around the world are seeking the best investments to own during one of the worst financial crisis we’ve seen in the last 70 years. Every day the economy continues in its downward trend, with inflation rising side-by-side with unemployment levels. This is causing a major amount of financial instability, which in turn boosts the demand for precious metals as the ultimate safe haven from the storm. Many wise investors know that today’s acceptance of the $838 billion stimulus plan could have some serious effect on inflation and thus they are analyzing and preparing the best investments they could own at the moment. Simply by looking at the historical movement of precious metals compared to equities we can see that during times similar to what we’re experiencing right now, equities lose value due to corporations failing and gold for example increases in value as a result of more safe haven buying.

During the midday trading session we’re seeing the spot price of gold climbing to around $910.10 per ounce, this is a $15.10 increase for the trading day and also a $56.50 increase for the month. Those looking for the best investment at the moment should consider the projections that gold has the possibility of rising to $2000 per ounce or higher by 2010. With such powerful projections it’s easy to see what could be one of the ideal investments to own this year. I wish you the best luck when investing in precious metals.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info